|
80- GG487~
<br />USDA-FmHA Position s
<br />Form FmHA 427-1 NB
<br />(Rev. 5-15-79) REAL ESTATE MORTGAGE FOR NEBRASKA
<br />TEAS MORTGAGE is made and entered into by _._.-.{11dylIH.E...~.E2:.3^~. nianP-1a,_~~v_hnchand
<br />residing in
<br />County. Nebraska, whose post office address is
<br />_...._ ...................._.....__.__.._._._.__..----'----~----....._._._.__... Nebraska ...6$$$9'----,
<br />.-~613LS--ff3s..'_..._._..._.._.
<br />herein called "Borrower;' and:
<br />WHEREAS Borrower is indebted [o the United Stales of America, acting through the Farmers Home Admirtistntion,
<br />United States Departmene of Agriculture, herein called the "Gavernmen[," u evidenced by one or mom promissory note(s)
<br />or aaumption agreement(s), herein called "note," which has been executed by Borrower, is payable to the order of the
<br />Govnnment, authorizes acceleration of the entire indebtedness a[ the option of the Government upon any defotth by
<br />Borcower, and is described as follows:
<br />Anm+al Rate Due Date of Final
<br />Date of Irsstrument Principal.9mount o Interest Installment
<br />Septeaeber 3, 1980 $70,000.00 11$ September 3, 2010
<br />(If the interest rate is less than __....._.._.."6 for farm ownership or operating lom:,sj secured 6v this instrument, then the
<br />rate may br changed as provided in -he note. i
<br />And the note evidences a lose. to Borrower, and the Government, at any time, may assign the note and insure the pay-
<br />ment [hereof pursuant to the Consolidated Farm +nd Rural Uevelapment Act, ur Tidr V of the Housing Act of )949 or nn•
<br />other statute administered b}' the Farmers Home Administration:
<br />And i[ is the purpose and intent of this instrument [ha[, among other things, at all times when the note is held by the
<br />Government, ur in the event the Government should assign this instrument without insurance of tha• note, thu uutrumuu
<br />shall secure payment of the note: but when the note is held by an insured holder, thu instrument shalt no[ secure payment
<br />of €he note sx attach m the debt evidenced thereby. L+ut as t<, the note and such drL+r sh:di constitute an indemnity mortgage
<br />to secure the Government against loss under us insurance unnnat 6y reason of any default 6v Borrower,
<br />And this instrument alw secures the reupturr aE any interest credit or subsidy which may be y~anted to the Borrower by
<br />the Government pursuant w 42 U.S,C. §)49f)a.
<br />NOW, THEREFORE, m eansuirntrmt of [he I wsi si +ud •a, tall !irnrs what the note is held 6q the Guvernmen4 or m
<br />the event the Govetnmeut should assign ttds instrument withou4r insurance of the pay mrnt ai the uotc, a, secure prompt
<br />Qayment of phe note and any renewals and catcnsiuns thereof+ud auy agrrrntrnts u>nt+ined rhrrmn, ineludusg +ny provision
<br />for the payment of an msurancr ur other chuge. iir; a all times when the note is held by an insured hnldm, to ucuro prr-
<br />formance of Borrower's agreemrne herein to indemnity and save harmless the Government against loss under its insurance
<br />eoneae[ by reason of any Jelaul[ 6y Borrower, and ic) in any even[ .nd at all timer to secure the prompt payment of al!
<br />advances and ezpruditurrs wa.ie u} the Government, wilt interact, as hereinafter dcsct ibe.i, ami ti,c prnonuancc .,i every
<br />covenant and agreement ul Borrower contained herein ur in +ny supplementary agrremrnt. Harrower .loes hereby grant.
<br />bugain, sell, convey and assign, with general wuranty, unto the Government the lollowmg property simatrd m the Starr ni
<br />Nebraaka.Countviies] of ...._.._._.1{Sll .................._........_.........._...... _....._ ...---- ---------_._....... _. - __...
<br />The Fast Half of the Southwest c)uarter (FJsSW1a) of Section '(twenty-eight
<br />(28), Township Twelve (12) North, Range 'twelve (12), West of the bth
<br />P.M., Hall County, Nebraska.
<br />FmHA 427-1 NB ~ Rev. 5-15.79,
<br />
<br />
<br />
|